CAN Europe Positions

The proposed Regulation is unambitious and must be strengthened in several ways to ensure that the LULUCF sectors sufficiently contribute to achieving the European Union’s international commitments under the Paris Agreement.

In order to avoid the worst impacts of climate change and to align the EU’s targets with the Paris Agreement, ambition in the ESR sectors must be raised considerably. CAN Europe calls for a reduction target of at least 47% in non-ETS sectors by 2030.

The gap between the need for adaptation and loss and damage finance, and the current finance provided or committed is large and growing. This briefing paper identifies a number of potential new sources of climate finance. Some of these “new” sources of finance have been under discussion for a number of years, including by the High Level Advisory Group on Finance, the Leading Group on Innovative Finance and others.

To secure a strong outcome in Paris that facilitates ambitious climate action on the ground, a key pillar will be a “finance package” that covers both the pre- and the post-2020 period. Developed countries will have to demonstrate how they are meeting past promises (in particular the $100bn target). For the period after 2020, strong provisions on finance in the Paris Agreement are needed to enable developing countries to enhance their ambition beyond what they can do on their own, laying out the mitigation potential that could be unlocked with scaled-up financial resources. Also, developing countries, particularly the poorest and most vulnerable countries, will require increasing amounts of financial support to adapt to a changing climate and cope with the impacts. This submission outlines the Climate Action Network’s view on the main elements of this finance package for Paris.

Latest Publications

On 22 January 2019 and in February the REGI Committee will vote on the Common Provisions Regulation (CPR) and on the European Regional Development Fund / Cohesion Fund Regulation (ERDF/CF) respectively. These two pieces of legislation will determine the shape and direction of Cohesion Policy post-2020.

Through this letter sent to Ministers of Finance we demand that the 10 countries negotiating the world's first regional Financial Transactions Tax do not abandon the talks at a European finance ministers' meeting on December 4th. By walking away from the talks, we could lose out on billions that could go towards climate change and the fight against domestic and international poverty.

This briefing concerns the draft EU Long-Term Strategy. It explains that while setting a net zero by 2050 target would be a clear improvement as compared to the current roadmap, it would likely not be sufficient to meet the EU’s fair share of efforts to keep temperature rise below 1.5°C.